§ 21-5. Collection; installments; interest.

(a)

The mayor and city council of the City of Dublin hereby provide for the collection and payment of ad valorem taxes on tangible property, other than motor vehicles, in installments based on the fraction of taxes levied on such property for the preceding tax year.

(b)

Those taxes payable in installments and based on the current final tax digest, shall be billed on July 1. The first installment on such taxes shall be one-half the entire amount due for the year and shall become due sixty (60) days from the date of billing, and the second installments thereon shall be one-half of the entire amount due for the year and shall be due on December 20.

(c)

An installment shall become delinquent on the day following its appropriate due date and shall thereupon be subject to a penalty of ten (10) per cent. That part of the entire amount due which is unpaid after December 20 shall thereafter be subject to interest at the rate of twelve (12) per cent per annum from December 21 until paid.

(Ord. No. 77-41, § 2, 12-19-77; Ord. No. 81-7, 2-19-81)